Nova announces additional bookings of $10 million

REHOVOT, ISRAEL: Nova Measuring Instruments Ltd, a provider of leading edge stand alone metrology and the market leader of integrated metrology solutions to the semiconductor process control market, announced that it has recently received $10 million of new bookings, which together with previously announced orders in the quarter, are expected to set an all time record of quarterly bookings for the company.

The orders during the quarter were received from several customers for stand-alone optical CD, integrated metrology and software products. Most of these orders are scheduled for delivery in the first quarter of 2010.

"Our recent market share gains and penetration to new customers, combined with the swift recovery in industry spending patterns, are expected to result in a very strong finish for the year, in terms of revenues, profitability and year-end backlog," commented Gabi Seligsohn, President & CEO of Nova.

"In light of the improving economic conditions and key customer decisions to significantly increase tool orders to support capacity build up, we believe that 2010 will be a year of significant growth for the company."